Ooof- Nasdaq in Correction Territory

Picture below from the Litquidity Newsletter.

God giveth and God taketh away….

That at least is the current sentiment of growth stocks. We have seen some incredible volatility and sell-offs in everything technology-related. Where is money flocking? - it looks like Oil and more popular value names. I don’t believe that Charles Schwab and Exxon Mobile will be the future of the world. I’m not selling.

I listened to the Ted Seides Capital Allocators Podcast with guest speaker Chris Douvos. Chris referenced the pricing of internet stocks with a quote from John Doer right before 2001 .Com crash.

“The internet is overvalued in the short term but is undervalued over the long term.”

Every action seems to be a reaction over the last three years. So watching this show is very interesting!